ANNOUNCEMENT OF RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2022
For 1Q 2022, net profit and comprehensive income attributable to equity holders of the Group is approximately CAD 56.3 million (equivalent to HKD 353 million) compared to a loss attributable to equity holders of approximately CAD 2.6 million in 1Q21.
As at March 31, 2022, December 31, 2021 and March 31, 2021, the Corporation notes the following selected financial figures.
|
For the three months ended March 31, |
|
2022 |
2021 |
|
Net profit (loss) attributable to equity holders (CAD $000s) |
|
56,311 |
(2,625) |
|
Net profit (loss) attributable to equity holders (HK $000s) |
|
353,047 |
(16,458) |
|
Average Dilbit sales (bbl/day) |
|
- |
27 |
|
(Canadian $000s) |
|
March 31, 2022 |
December 31, 2021 |
|
|
|
|
|
|
Property, plant and equipment |
|
526,062 |
477,624 |
|
Exploration and evaluation assets |
|
263,262 |
255,696 |
|
Shareholders’ equity |
$ |
232,599 |
176,367 |
The quarterly results and the unaudited condensed consolidated financial statements have been reviewed by the Company’s Audit Committee but have not been audited.
*For identification purposes only